The UK has pioneered the introduction of competition into previously monopolistic utility industries--such as telecommunications, gas, electricity, railroads, and even waterworks. The radical policy innovations behind these moves have been controversial. This book looks at the lessons that have thus far emerged from the UK in this regard, considering the implications for future UK policies as well as for other countries following its precedent. The volume combines papers by independent experts with the work of specialist regulators to provide a comprehensive analysis of the issues.